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Memo - City Council
<br />2015 Proposed Preliminary Budget and Tax Levy
<br />5
<br />General Fund Revenues
<br />Property Tax Levy 164,494$
<br />Plan Check Fees 10,000
<br />Plan Review & Bldg Permits 10,000
<br />Fines & Forfeits 6,840
<br />Other Misc Adjustments 3,829
<br />195,163$
<br />Actual Actual Budget Amended Year To Date Proposed % Change
<br />FY 2012 FY 2013 FY 2014 FY2014 09/04/2014 FY 2015 14 vs 15
<br />Revenues
<br />Taxes
<br />Taxes 3,087,159 3,086,064 3,287,556 3,287,556 1,647,039 3,452,050 5.00%
<br />Licenses and Permits 415,070 382,038 259,873 259,873 196,541 273,730 5.33%
<br />Other Intergovernmental 118,800 120,811 138,100 138,100 81,877 125,328 -9.25%
<br />Charges for Services 526,334 487,569 415,568 415,568 231,693 445,629 7.23%
<br />Fines & Forfeits 33,192 32,056 31,900 31,900 13,323 38,740 21.44%
<br />Special Assessments 1,771 3,225 1,822 1,822 1,701 3,000 64.65%
<br />Miscellaneous 127,300 (10,335) 88,850 88,850 32,698 80,355 -9.56%
<br />Transfers - - - - 15,000 - 0.00%
<br />Total Revenues 4,309,625$ 4,101,427$ 4,223,669$ 4,223,669$ 2,219,872$ 4,418,832$ 4.62%
<br />Expenditures by Category
<br />Personal Services 1,287,850$ 1,329,650$ 1,421,852$ 1,421,852$ 923,595$ 1,465,125$ 3.04%
<br />Materials and Supplies 201,997 176,728 121,941 121,941 116,073 157,940 29.52%
<br />Other Services and Charges 2,255,221 2,310,255 2,802,277 2,611,055 1,757,743 2,734,765 4.74%
<br />Capital Outlay - - - - - - 0.00%
<br />Transfers 364,955 270,000 50,000 212,417 212,417 80,000 -62.34%
<br />Contingency/Reserves - - - - - - 0.00%
<br />Other Financing Uses - - 15,000 - - - 0.00%
<br />Total Expenditures 4,110,023$ 4,086,632$ 4,411,070$ 4,367,265$ 3,009,828$ 4,437,830$ 1.62%
<br />Fund Balance - January 1 2,151,335 2,350,937 2,365,732 2,365,732 2,365,732 2,222,136
<br />Excess Revenue Over Expenditure 199,602 14,795 (187,401) (143,596) (789,956) (18,998)
<br />Fund Balance - December 31 2,350,937$ 2,365,732$ 2,178,331$ 2,222,136$ 1,575,776$ 2,203,138$
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<br />Revenues
<br />
<br />All revenue items were evaluated based on current economic conditions and past trends. The
<br />most notable item is the proposed tax levy which
<br />equates to $164,494 in additional revenue over last
<br />year’s levy. Both Plan Check Fees and Plan
<br />Review/Building Permit Revenues have been
<br />increased based on trends. Fines and Forfeits have
<br />been increased as we had a decrease in past years with
<br />the major road construction, but we are seeing
<br />increases now that major highways are again open.
<br />
<br />Expenditures
<br />
<br />Public Safety is increased by $86,118 for increases in the Fire Contract ($28,173, 6.54%),
<br />Sheriff’s Contract ($48,829, 4.71%), and Dispatch ($9,116, 15.1%).
<br />
<br />Finance and Administrative Services is proposing to
<br />add back in the intern positions that were cut in 2014
<br />which is 0.75 FTE. TCAAP expenditures were
<br />increased for Other Professional Services,
<br />Administration reduced Other Professional Services by
<br />$8,000 to help offset. Due to the new calculations by
<br />the LMCIT, insurance costs have been adjusted based
<br />on 2014 actuals and reduced by $11,000.
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